Article 74 Liquidation ordonnée de prestataires de services sur crypto-actifs

Summary What does Article 74 of the MiCA regulation say?

This brief but important article imposes a wind-down planning requirement on crypto-asset service providers.

It connects directly to the specific service obligations set out in Articles 75 to 79, meaning it applies to providers offering custody, trading platform operation, exchange, order execution, and placing services.

The core requirement is that these providers must have a plan in place that demonstrates their capacity to cease operations in an orderly manner, covering the continuity or recovery of critical activities during that process.

Important points:

Crypto-asset service providers offering the services in Articles 75 to 79 must have a wind-down plan in place.
The plan must cover continuity or recovery of critical activities during the wind-down process.
The plan must demonstrate that the wind-down can be carried out without causing undue economic harm to clients.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

Les prestataires de services sur crypto-actifs qui fournissent les services visés aux articles 75 à 79 disposent d’un plan propre à soutenir une liquidation ordonnée de leurs activités en vertu du droit national applicable, y compris la continuité ou le rétablissement de toute activité critique exercée par ces prestataires de services. Ce plan démontre la capacité des prestataires de services sur crypto-actifs à procéder à une liquidation ordonnée sans causer de préjudice économique excessif à leurs clients.

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